Glory closes third renminbi fund at $96m
Chinese early-stage investor Glory Ventures has closed its third renminbi-denominated fund at RMB682 million ($96 million) and also reached a first close of its second US dollar vehicle.
The size of the first close for the US dollar fund - which has an overall target of $100 million - was not disclosed. It has taken Glory six months to reach the first close, while the entire fundraising...
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